Limited Company

Freelancer Accounting helps many contractors who are new to freelancing and contracting, in London, Canary Wharf, Reading, Richmond and Guildford so we know how daunting it is to most people, especially if you have worked as an employee under PAYE, and had everything taken care of for you.

Don’t worry

You needn’t be out of your comfort zone, as it may be new to you, but we are old hands at contracting, and are accredited by the PCG as well as being regulated by the ACCA and partnered with many leading contractor suppliers such as Cater Allen, Caunce OHara and Contractor Financials.

What are your options?

We can talk you through what are your options. Whether an umbrella company or a limited company would be best.

If required we can form your limited company for you and register it with HMRC for corporation tax, Payroll and VAT. We can assist you in obtaining a business bank account.

And also advise you on specialist areas of taxation such as the settlement legislation and IR35.

Face to Face meetings

We talk you through what business expenses can be claimed against tax, and the responsibilities that working through a limited company entails.

We also have an online portal, which has lots of useful information to help you along your contracting career, which all clients have acess to, as well as our online accounting software that is available to you 24/7 and telephone support during office hours.

Why not give us a call, or take advantage of a free initial consultation?

If you freelance or contract through your own Limited Company you will probably be aware that your company will need to pay corporation tax on its profits and certain expenses, provided they are incurred within the accounting year in question will attract a corporate tax deduction.

There are a wide variety of offenses which a Director could incur a penalty with Companies House, these fines and penalties are currently capped at £5000, they generally arise through non submission of annual accounts or annual returns or failing to report company secretarial matters.

This is all about to change as a result of the Legal Aid Sentencing and Punishment of Offenders Act 2012 (LASPO) fines which are currently capped can now be unlimited, leaving the ability for judges to impose more pertinent fines on wealthy individuals or corporates.